SIF Forecast and Technical Stock AnalysisHold candidate since 2019-07-18
SIFCO Industries Inc gained 2.46% in the last trading day ( Thursday, 18th Jul 2019 ), rising from $2.75 to $2.82 During day the stock fluctuated 0.00% from a day low at $2.82 to a day high of $2.82. The price has risen in 4 of the last 10 days , but is still down by -2.51% for this period. Volume fell in the last day by -3 407 shares, and in total, 357 shares bought and sold for approximately $1 005.88. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the SIF stock price was $3.09 and low was $2.73.
- 90 day high was $3.18 and low was $2.73.
- 52 week high for the SIFCO Industries Inc - $5.80 and low - $2.69.
SIFCO Industries Inc is at the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $2.75 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect SIFCO Industries Inc with 90% probability to be traded between $2.79 and $3.24 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Tuesday July 16, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. SIFCO Industries Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $2.92. On a fall, the stock will find some support from the short-term average at $2.81. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 48 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
SIFCO Industries Inc finds support from accumulated volume at $2.80.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $2.68 (-4.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
2.02 %Average volatility
Very Low Low Medium High Very High
SIFCO Industries Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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